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Using archival data from the U.S. passenger airline industry, this study examines whether management control mechanisms aimed at mitigating moral hazard explain outsourcing decisions over and above transaction cost economics (TCE) determinants documented in prior research. Consistent with TCE...
Persistent link: https://www.econbiz.de/10014041804
moderated when firm-level uncertainty is high, consistent with performance being attributed more to luck rather than skill and … effort, which can create incentives to shift earnings toward lower-uncertainty periods. We show that the resulting … opportunistic earnings management more challenging. Our evidence highlights a novel channel through which uncertainty affects …
Persistent link: https://www.econbiz.de/10012997009
Many novel projects are characterized by ambiguity (impossibility to recognize all influence variables and to foresee all possible events) and complexity (interaction of many performance influence variables, making the overall performance difficult to estimate). Two fundamental approaches to...
Persistent link: https://www.econbiz.de/10014075158
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used as a measure to … multinational firms (Luxembourg Leaks). We analyze ATRs as tax uncertainty shields from both the taxpayers' and the tax authorities … uncertainty. This pattern is typical for aggressive tax planning strategies, e.g., in tax havens. Our findings are threefold …
Persistent link: https://www.econbiz.de/10010511375
investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multi-dimensional nature of tax … uncertainty from tax reforms and tax audits in expected tax rates, tax bases, and in conjunction with loss offset restrictions. A … low risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …
Persistent link: https://www.econbiz.de/10013460094
investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax … uncertainty from tax reforms and tax audits in expected tax rates, tax bases, and in conjunction with loss offset restrictions. A … risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …
Persistent link: https://www.econbiz.de/10014244659
Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …
Persistent link: https://www.econbiz.de/10011402329
Policy Forum held in Washington, DC, on May 15, 2014. Titled “’Crisis’ Management: Uncertainty and the Workplace,” the … in alleviating the strains of uncertainty. Topics included: Never Let a (Retirement) Crisis Go to Waste: What’s Broken …-Based Health Benefits; Healthy, Wealthy, and Why -- In the Midst of Uncertainty -- Can Financial Wellness Work? …
Persistent link: https://www.econbiz.de/10014143091
Persistent link: https://www.econbiz.de/10010242313
are designed such that under uncertainty about output distributions (that is, under ambiguity), ambiguity averse agents …
Persistent link: https://www.econbiz.de/10009545983